Business

More than just accountants

More than just accountants

Our view is that an accountant is for the long term, and not just for end-of-year accounts and tax returns. We see our job is to help bring your plans to life, stay afloat in difficult times, and ensure you reap the maximum reward from your hard work, in the most financially efficient way possible.

We assist start-up and established businesses through the complex accounting, tax, regulatory and payroll areas.

Accounting & Auditing

All business owners need to keep accurate accounting records in order to meet their statutory obligations.

ACCOUNTING SERVICES

All business owners need to keep accurate accounting records in order to meet their statutory obligations. Having good accounting records enables business owners to monitor their progress and also plan for the future.

Humphrey & Co provide a professional accounts preparation service and can help you with your accounting requirements irrespective of your own expertise.

We have plenty of experience of using accounting software such as Sage, Quickbooks and TAS Books and also have extensive knowledge of Xero, a cloud-based accounting package.

We are able to provide as much support as you need, whether this is on a monthly basis or once a year when the annual accounts need to be prepared. We are also able to offer bookkeeping and accounts training to your staff.

As well as preparing annual accounts we can help with:

Management accounts

Cashflow forecasts

Budgeting

Completion of VAT Returns

Bank reconciliations

Bookkeeping

Advice on accounting packages

AUDITING SERVICES

We are also able to provide statutory audit services to businesses and other organisations that have a statutory requirement to have an audit.

The benefits of an audit include:

Giving added credibility to the financial statements

A review of your accounting systems to identify any potential areas of weakness

Greater peace of mind for external shareholders who do not take part in the day to day running of the business

Payroll

Payroll can be a minefield with constant changes to employment legislation, HMRC demands and pensions. We have a qualified and experienced payroll team to save you time.

Our payroll software is HMRC accredited and offers an extensive reporting functionalilty to enable us to provide a set of reports that suits your needs, including component analysis and cost centre reporting.

OUR SERVICES COVER:

PAYE

Advice on payroll matters

HMRC returns

Real Time Information compliance

Automatic Enrolment - Changes to Pension Law for UK Employers

As you may already be aware, the law on UK workplace pensions has changed. Every UK employer with at least one member of staff now has new legal duties, including enrolling staff that are eligible into a workplace pension scheme and making employer contributions towards it. The system is called automatic enrolment. It is called ‘automatic enrolment’ as your staff will be automatically enrolled into the pension scheme.

YOUR RESPONSIBILITIES

As the employer, you are ultimately responsible for ensuring that you meet your statutory duties with regards to auto enrolment and the pension reform. It is important that you understand your responsibilities and are aware of the costs of compliance that this additional burden will bring, both in terms of pension contributions and administrative costs.

HOW WE CAN HELP YOU

Humphrey & Co can assist with the entire process as we are able to offer a low-cost and simple, auto enrolment solution.

Our auto enrolment software is fully integrated with our payroll software, so that we can provide a complete payroll and pensions service. We have taken this approach as the vast majority of the employers that we act for do not have the time or technical resources to be able to administer the process themselves.

Tax Investigation Service

Over 80% of all tax investigations by HMRC now arise from leads generated by its £80million database system, Connect, according to recent reports.

Why is HMRC investigating?

The new reliance on automated systems to identify targets means taxpayers face increased risk of an investigation. Connect was first launched in 2010, to gather data and information from multiple sources, including banks, local councils, land registry and even social media.

Once begun, enquiries may be lengthy and complex. We will, of course, do our utmost to ensure the best outcome for you, but even if the result is that no additional tax is payable, you will still have to cover the professional costs incurred in handling the matter. These can be substantial; indeed, it has been known for a client to agree to HMRC’s demands simply because of the costs involved in continuing to fight the case.

Protect yourself today!

Humphrey & Co has offered a Tax Investigations Service (TIS) to our clients for several years now, and we invite all our clients to share in the protection offered.

Tax investigations can be costly. Investing a small amount into our tax investigation service now means that you will receive complete support if HMRC targets you.

Subscribing to our TIS allows us to challenge HMRC’s attack into your affairs without having to back down. We believe that we know you and your business best and we want to be there for you when you need us most. We will manage your case from start to finish, reducing stress and providing peace of mind.

You are also entitled to unlimited free access to business helplines. Qualified experienced specialists are available in the fields of employment, health & safety and commercial law to assist in these increasingly litigious areas. Your business could potentially save considerable amounts of time, expense and disruption from this add-on service. Also, the other entries on personal Tax Return(s) are generally included under the policy, and our in-house tax specialists continue to act throughout an enquiry.

XERO

We are certified Platinum Partners with Xero - the global leader in cloud accounting software.

At Humphrey & Co, we embrace technology to make accounts and tax swift, simple and pain free. We’re friendly, approachable and dislike jargon! Do you want your business to work smarter and faster?

Why Xero?

Simple: connect your numbers, your business and us anytime, anywhere from any device

Specialist: we have Xero “packages” that are specifically tailored to meet the needs of our clients

Secure: everything is run online, nothing to install and backed up automatically

Smart: Enjoy the benefits of Xero accounting software and apps to help manage your finances

Savings: exploit efficiencies from reduced admin time, elimination of errors and reporting in good time

Benefits of a Platinum Partnership to our clients

We can provide proactive and innovative solutions to ensure your business achieves sustainable growth. We not only have a high percentage of Xero-certified staff to assist you but also the services of our dedicated, in-house Xero Consultant.

Registered to carry on audit work in the UK and Ireland; regulated for a range of investment business activities; and licensed to carry out the reserved legal activity of non-contentious probate in England & Wales by the Institute of Chartered Accountants in England & Wales.